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The €/kW problem: why the same electrolyser costs €323 and €3,050 per kW

Three published figures for the same alkaline technology, all of them correct, differing by a factor of eight. The gap is not disagreement between analysts — it is the calculation boundary, and almost nobody states it.

16 Aug 20268 min read7 sources

capexcostmanufacturing

A Chinese stack is four to six times cheaper. It moves your LCOH by 3 to 13%.

Two beliefs carry a lot of hydrogen models: that the learning curve will bring costs down, and that Chinese equipment will accelerate it. Both are now testable. The European Commission's own assessment puts the second one at 3–13%, and the factories making the equipment are running at about 10%.

9 Aug 20269 min read10 sources